Facebook’s Libra gets ready for launch in early new year

27-11-2020 Cyprus Mail CyprusMail Cool

Facebook’s Libra gets ready for launch in early...

Facebook’s Libra cryptocurrency is readying to launch as early as January, the Financial Times reported on Friday, citing three unidentified people involved in the project.

The Geneva-based Libra Association that will issue and govern Libra plans to launch a single digital coin backed by the dollar, the FT said, citing one of the people.

The move would represent an even bigger scaling-back of the project’s ambitions than that proposed in April in response to a regulatory and political backlash against the project.

Libra, unveiled by Facebook Inc last year, was relaunched in slimmed-down...

Read all latest: Cyprus Coronavirus News Updates - Live

This article was automatically added to our system 27-11-2020

Facebook’s Libra gets ready for launch in early new year

Trending Cyprus News

Easyjet cancels thousands of holidays
easyJet holidays announced on Friday that they are to cancel holidays until late March as a result of the ban on international travel and...
‘Illegal outing’ by teens ends in car chase, injured...
Paphos district court on Saturday remanded two teenagers, 19 and 17, for three days and one day respectively after they injured two officers while...
UK announces closure of all travel corridors from Monday
UK Prime Minister Boris Johnson announced in a news conference Friday, that the UK will close all travel corridors from 04:00 GMT Monday 18th...
Heavy snowfall in Troodos, all roads CLOSED
All roads to Troodos (Prodromos-Troodos, Karvouna-Troodos and Platres-Troodos) have now closed to traffic as heavy snowfalls continue in the...
COVID19: Cyprus cases subside during lockdown
Cyprus reported a lower number of new COVID-19 cases and fewer patients admitted to hospitals on...
Yellow storm warning for Saturday
The met office has issued a yellow weather warning for Saturday, that will be in place until 5pm. Storms and rain are forecast to affect the...
Coronavirus: advisory committee already mulling possible...
The advisory committee on coronavirus is already mulling a possible relaxation of the lockdown, but any decision will be contingent on fewer...
Decree bans additional asylum seekers from living in...
It emerged on Friday that Interior Minister Nicos Nouris issued a decree last month banning additional asylum seekers from establishing...
Latest Cyprus Coronavirus News Updates...
Read the latest Cyprus Coronavirus News from all news sources together in one place - updated 24/7...